ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

long term capital\ngain to which the assessee has replied and thereafter the Assessing Officer has\npassed the order u/s 143(3) r.w.s.153B of the Act accepting such exempt long term\ncapital gain. Therefore, the assessment in our opinion could not have been\nreopened u/s 148 of the Act for the same transaction in absence of any fresh\ntangible material

JAIBHAGWAN BANARASIDAS JINDAL,JALNA vs. THE INCOME TAX OFFICER, WARD-1, JALNA

In the result, the appeal filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17

u/s 68 on account of long term capital gain being the sale of shares of M/s Yamini Investment Company Limited declared by the appellant by relying on information received from the DDIT/ADIT(Inv.), 3(3), New Delhi through Insight Portal, which are not relating to the appellant, as name of the appellant not mentioned and appellant is not party

ASHOK VIJAYKUMAR KOTECHA,JALGAON vs. ACIT, CIRCLE 1, JALGAON, JALGAON

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2011-12

long term capital gain claimed as exempt by the assessee u/s 10(38) of the Act as bogus. The Assessing Officer further made addition of Rs.9,15,732/- u/s 69C of the Act being the commission paid in cash for arranging such accommodation entries which has not been recorded in the books of account. Thus, the Assessing Officer determined

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ASHISH OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD -1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

Bench: Shri R. K. Panda & Ms Astha Chandra

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

Bench: Shri R. K. Panda & Ms Astha Chandra

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

Bench: Shri R. K. Panda & Ms Astha Chandra

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

INCOME TAX OFFICER, WARD 1, JALNA, JALNA vs. ASHISH OMPRAKASH MANTRI, JALNA

Long Term Capital Gains on Sale of Share is credited to Capital\nAccount, the Details are as under:\nA.Y. 2011-12 LTCG of Rs.1,44,35,357/-\nA.Y. 2012-13 LTCG of Rs.93,82,427/-\nAns. Please give the details of Capital Gains Earned by him i.e. Name of\nAsset, Date of Purchase, Cost of Purchase, Date of Sale

POONAWALLA SHARES & SECURITIES PVT.LTD,PUNE vs. ASSISTANT COMMISSIONER OF WEALTH-TAX, CIRCLE-4, PUNE

Appeal is partly allowed in above terms

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपीलसं. / Ita No.380/Pun/2020 िनधा"रण वष" / Assessment Year : 2016-17 Poonawalla Shares & Securities The Assistant Pvt. Ltd., Vs Commissioner Of Income 16-B,/1, Sarosh Bhavan, Tax, Dr.Ambedkar Road, Circle-4, Pune. Pune – 411001 Pan: Aaacp 6087 H Appellant/ Assessee Respondent /Revenue Assessee By Shri Percy Pardiwala – Ar Revenue By Shri M.G.Jasnani – Dr Date Of Hearing 08/07/2022 Date Of Pronouncement 29/07/2022 आदेश/ Order Per S.S.Godara, Jm: This Assessee’S Appeal For Assessment Year 2016-17 Is Directed Against The Commissioner Of Income Tax(Appeals)-3, Pune’S Order Dated 11.12.2019 Passed In Case No.Pn/Cit(A)-3/Cir 4/193/2018-19/428, In Proceedings U/S.143(3) Of The Income Tax Act, 1961 [In Short “The Act”].

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001.]” 5.5 If the provisions of law contained under section 14A and diction of section 14A is perused

ITO, NASHIK vs. ANKIT NARESH TULSIAN, NASHIK

In the result, appeal of the Revenue is dismissed

term capital gains (LTCG) and also there being no failure\non the part of the assessee to furnish material information\nwith regard to alleged transaction, the issuance of notice u/s.\n148 of the Act is invalid. However, Ld.AO after disposing of\nthe objections raised by the assessee carried out re-\nassessment proceedings and taking note of the report

VAISHALI KESHAV KULKARNI,PUNE vs. ITO WARD 13(2), PUNE

In the result the Grounds Numbers 2, 3 and 4 raised by the assessee are allowed

Reassessment Order]\nIn fact, the impugned immovable property is sold by my father Mr. Dilipkumar Hiralal Agarwal Saraf\n[PAN: AELPA1854K], who has offered the same to taxation fully and paid the relevant capital gains tax as Your Honors can clearly see from the ITR return filed by Mr. Dilipkumar for AY 2015-16 (Pages 54 onwards of the Paperbook

CHANDRAKANT LAXMAN JADHAV,,PUNE vs. INCOME-TAX OFFICER,, PUNE

In the result, this appeal of the assessee is allowed for statistical

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm आयकर अपील सं. / Ita No. 1202/Pun/2017 िनधा"रणवष" / Assessment Year : 2007-08 Shri Chandrakant Laxman Jadhav, The A.C.I.T., A/P Mahalunge, Chakan Talegaon Vs Circle-10, Road, Tal, Khed, Pune-410501. Pune. Pan No. Acjpj 0442 Q Appellant/ Assessee Respondent /Revenue

147 to the assesesee and the A.O. could not furnish such reasons as they were never recorded. The assessment order and the order of the ld. CIT(A) confirming the assessment were vitiated in law. They be quashed and set aside. 4. On the facts and in the circumstances of the case and in law and while ignoring to follow